Nasdaq 100 & S&P 500 Elliott Wave Update – Thursday, July 25


person using MacBook Pro on tableImage Source: UnsplashYep, I’m back to using “It was an interesting day today!” Both the ES and NQ initially dropped to new lows for the current sequence which was in line with the analysis presented last evening, however, the mid-morning strength turned into afternoon swoon(s). EW remains in minuet 5th waves down, but they are extending which shouldn’t be that big of a surprise. I’ve updated the labeling and adjusted the Fibonacci levels for the expected additional downside. Ultimately I am continuing to look for wave “a” of Minor 4 to complete and yield to “b” wave rallies before “c’ waves back down to complete the Minor 4th waves.Video Length: 00:29:08More By This Author:Nasdaq 100 & S&P 500 Elliott Wave Update – Wednesday, July 24Nasdaq 100 & S&P 500 Elliott Wave Update – Tuesday, July 23Nasdaq 100 & S&P 500 Elliott Wave Update – Monday, July 22

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